The People’s Bank of China has been investigating major Bitcoin exchanges in the country including BTCC, Huobi and OKcoin. Huobi and OKCoin have formally announced they have halted margin trading services. The Shanghai Head Office of the People’s Bank of China has found after an initial investigation that BTCC was engaged in illegal operations and…
Read more
Marie Seiller has been appointed Executive Director of Corporate Accounting. Ms Seiller holds a degree from ESCP-EAP. She began her career in 2000 as an auditor at Arthur Andersen, now Ernst & Young. She worked for seven years as a Senior Manager on financial audit assignments in the industrial and environmental services sectors, and provided…
Read more
The Canadian Securities Administrators (CSA) announced two new national instruments affecting over-the-counter (OTC) derivatives trading in Canada. The national instruments are part of Canada’s ongoing implementation of commitments to reform the global OTC derivatives markets. These national instruments are designed to align with international standards and provide safeguards in the Canadian market for counterparties transacting…
Read more
Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read more
Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has released improved activity level in Q4. Activity level in the fourth quarter 2016 was stronger with reported consolidated revenue of CHF 190.7 million, an increase of 4.8% in constant currencies from the equivalent quarter last year. The Group’s consolidated adjusted revenue was CHF 207.6 million, an…
Read more
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Citigroup Global Markets Inc. for spoofing — bidding or offering with the intent to cancel the bid or offer before execution — in U.S. Treasury futures markets and for failing to diligently supervise the activities of its employees and…
Read more
First Trust accesses the Swiss market as ETF issuer with two new ETFs for which Susquehanna is providing the liquidity, SIX Swiss Exchange just announced. With this, SIX Swiss Exchange offers 1’215 ETFs for trading that have been listed by 24 issuers. The two smart beta ETFs newly tradable as of today provide investors additional…
Read more
The Securities Commission Malaysia just announced that the Court of Appeal has unanimously dismissed the appeal by the former independent directors of Transmile who were members of its Audit Committee for having knowingly authorised the furnishing of a misleading statement to the stock exchange. Shukri Sheikh Abdul Tawab, 53, and Jimmy Chin Keem Feung, 52,…
Read more
KCG Holdings, Inc. (NYSE: KCG) announced today that its Board of Directors has appointed Peter Fisher, Colin Smith, Heather Tookes and Adrian Weller as Directors, effective immediately. KCG also announced that Rene M. Kern and John C. (Hans) Morris have informed the company that they will not be seeking reelection at the 2017 Annual Meeting…
Read more
Improvements to the listing regime, an expansion of the Connect scheme, new products and enhanced platforms are the four themes of Hong Kong Exchanges and Clearing Limited's (HKEX) key initiatives in 2017, according to a presentation by Chief Executive Charles Li at the bourse operator's annual media lunch. The four themes are a continuation of…
Read more